Yes, You Have to Pay for Tax Cuts

Democrats should not rise to the bait of “fiscal conservatives” | Jeff Frankels Weblog | Views on the Economy and the World:

“The problem is that a heavy majority of the supposed fiscally conservative congressmen, although passionate about cutting government spending in the abstract, are in truth no better able to find specific dollars of budget cuts that they can support or defend to their constituents than are the Democrats.   Factoring in their immutable desire to cut taxes, I believe that if the Republicans were in full control, we would have larger budget deficits in the coming years than if the Obama crowd retained power.  This is what happened in a big way when Presidents Reagan and GW Bush took office promising to cut the debt while also cutting taxes.   Spending, deficits, and debt soared during their terms, relative to their respective Democratic predecessors.  There is no reason to think anything has changed…

Rep. Paul Ryan’s supposedly tough long-term plan to cut spending doesn’t balance the budget until 50 years from now and runs up another $62 trillion in national debt in the meantime…” [emphasis mine]

(Via Grasping Reality with Both Hands.)

Democratic “investment” = GOP “tax cuts” = increased government spending.

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